Ind. Code § 6-1.5-3-4.5

Sec. 4.5. (a) The Indiana board shall recommend that the parties settle or mediate any case pending before the board as of May 1, 2015, that has not yet received a hearing, if:

(1) the taxpayer's appraisal asserts a value that is more than twenty-five percent (25%) lower than the value evidenced by the assessing official applying the cost approach, less depreciation and obsolescence under the rules and guidelines of the department of local government finance; and

(2) the taxpayer or the taxpayer's representative appeared before the county property tax assessment board of appeals when the appeal was heard by the county property tax assessment board of appeals.

(b) The department of local government finance and the Indiana board may adopt emergency rules in the manner provided under IC 4-22-2-37.1 to implement this section.